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Franklin Lakes, NJ – May 20, 2014 – Axis Insurance Services, LLC announced today the launch of PL Risk Advisors Inc. or PLRisk™ which will focus on providing Professional Liability and Management Liability Insurance products for retail producers throughout the country. The main focus of this new brokerage firm will be to assist retail agents and brokers in obtaining professional/management liability solutions for their clients in the areas of Errors & Omissions, Directors & Officers, EPLI, Privacy & Network Security, and more. The company also announced launching of their new website for PLRisk™, www.plrisk.com.

In announcing this new company, Mike Smith, President of Axis Insurance Services LLC said: “This new company is a natural evolution of our current business model. Currently over 50% of our insurance business comes from placing insurance agents and brokers E&O. Our insurance agent and broker clients continually ask us to help them place business for their clients and assist them providing the same level of service to their clients that we provide them. We formed PLRisk™ to be an alternative solution for this market. By placing emphasis more on understanding client risk and broker needs than on achieving sales benchmarks, Axis Insurance Services, LLC has become one of the fastest growing professional/management liability brokerages in the country.” The company’s management hopes to use the same model to grow the operations of PLRisk™ by educating retail brokers on the value of understanding risks and differences in coverage that can lead to long term clients.

The PLRisk™ rollout will initially focus on about 20 key states, with plans to expand to all 50 by year’s end. The company is currently seeking qualified candidates in the positions of Account Executives and Account Managers to help in the expansion of this new venture. Any interested candidates should contact Mike Smith at 201-847-9165 or at msmith@plrisk.com.

About Axis Insurance Services, LLC

Axis Insurance Services, LLC is a licensed professional liability insurance brokerage located in Franklin Lakes, New Jersey with licensed brokers nationwide. They offer custom built professional and management liability solutions across almost all professional industries. Their product lines include Errors and Omissions Insurance (E&O), Directors and Officers Liability Insurance (D&O), Employment Practices Liability Insurance (EPLI), Privacy and Network Security, Commercial Crime, and Fiduciary products for today’s professionals. Axis Insurance Services, LLC is not affiliated with AXIS Insurance Company or AXIS Surplus, or its subsidiaries or affiliates in any way.

About PLRisk Advisors Inc. DBA PLRisk™

PLRisk Advisors Inc. DBA PLRisk™ is a licensed professional and management liability wholesale insurance brokerage located in Franklin Lakes, New Jersey. PLRisk is currently licensed in about 20 key states and expanding its territory each month. The company focuses on providing Professional and Management Liability Insurance products to retail agents including Errors and Omissions Insurance (E&O), Directors and Officers Liability Insurance (D&O), Employment Practices Liability Insurance (EPLI), Privacy and Network Security, Commercial Crime, and Fiduciary products for today’s professionals.